Latin America Mining News

Report: Anglo American set for $5bn Minas Rio writedown

Delays at the Brazilian iron ore project cost Anglo and former CEO Cynthia Carroll dearly.

Codelco's longer term ambitions undiminished: targets 2.5m tonnes a year

Output expected to be up 42% by 2021.

Chinalco's Toromocho copper project in Peru to initiate production in 4Q 2013

The copper, silver and molybdenum mine is estimated to produce 865,600 tons of copper concentrates a year by 2015.

Lessons from the Argentine

By David Galland Here are some of the lessons I have learned since moving to Cafayate in the Salta province in scenic northwest Argentina. It's my hope that my observations will be of use to […]

Buenaventura to invest USD 460 million in 3 new projects in 2013

The projects are aimed at increasing the company's production of silver, zinc, copper and energy.

Raking over the Rio coals

A round up of commentary on the CEO switch.

Canadian miner kidnapped in Colombia

Five gold miners working in a northern province of Colombia were kidnapped Friday afternoon by the leftist National Liberation Army (ELN).

Colombia allows some miners to work in new national park, sparks debate

While miners that already hold licenses will be allowed to keep working in the area, the authority emphasized that those permits will not be renewed once they expire.

McEwen Mining reactivates El Gallo complex in Mexico

The reserves at El Gallo amount to more than 40 million ounces of silver and 600,000 ounces of gold.

Regulus completes 2012 drilling campaign at the Rio Grande project in Salta Province, Argentina

The 2012 programme was successful in: defining and extending higher grade copper-gold mineralization in the steeply dipping tabular Southwest Zone to more than 200 metres along strike and 550 metres in vertical extent

World's greatest explorer: Dave Lowell interview

He’s known as the most successful mining explorationist of the past century, having discovered 17 ore bodies, including the world’s largest copper mine

Global steel director for Brazil’s Vale quits amid division reshuffle

With the executive's resignation, the global steel director's position will no longer exist.

Cobre Panama a risky endeavour for First Quantum: analyst

Haywood Securities mining analyst, Kerry Smith, says the Vancouver-based miner already has "a lot on its plate."

Poor decisions force Rio Tinto’s CEO departure, leaves the group with $14bn charge

The giant miner will take about $14 billion of writedowns for failed deals in aluminum and coal led by Tom Albanese.

Petaquilla Minerals Ltd. reports 12% increase in production, 14% increase in revenues and 32% increase in EBITDA for second quarter of fiscal 2013

A 14% increase in revenues and 32% increase in EBITDA for second quarter of fiscal 2013

Chile’s Escondida miners to vote on contract offer next week

The company's unionized workers will start to vote on a new contract proposal on Jan. 24,

Peru ready to roll with ‘prior consultation’ mining law

Peru's indigenous communities will now have their say in each and every mining project potentially affecting them.

Vale's Roger Agnelli reaches number four on Harvard's best-performing CEO list

A 934% shareholder return during his 10-year tenure and a 157% market capitalization gain

Copper prices to soar in 2013: Chile's national mining society

The world’s number 1 copper producer Chile said copper prices will fall in the $3.60-$3.80 a pound range this year, beating the 2012 average of $3.61 per pound.

Barrick and Goldcorp Pueblo Viejo mine achieves commercial production

After only five months of kicking-off operations at the Dominican Republic’s Pueblo Viejo gold deposit, one of the largest in the world, Barrick and Goldcorp said the mine has achieved commercial production.

Vale’s CEO bullish about iron ore in 2013

Murilo Ferreira, CEO of Brazil’s mining giant VALE (NYSE: VALE) said he expect less volatility in terms of iron prices for 2013

Fresh protests against Eldorado Gold’s Hellas mine in Greece

Citizens’ groups, backed by the radical leftist party Syriza that is now the second largest group in parliament, have been trying to wreck the project since 2011, when Eldorado was granted its exploration licence.

First Quantum and Inmet exchange ‘love letters’

First Quantum said Inmet is trying to sabotage the takeover, while Inmet suggested its counterpart’s complaints were dishonest.

Peru's environmental regulator amasses $40 million in mining fines

The watchdog, known as OEFA, said the fines to mining firms accounted for 67% of the total collected.